The Ascott Limited announced its Citadines hotels portfolio has surpassed 200 hotels with plans to open another 20 under the upper-midscale brand by the end of 2026. The launches include Citadines on the Pier Hobart in Australia, Citadines…
China rates soften while demand rises. Hotel groups expand across Asia-Pacific with new properties in India, China, Australia and Fiji amid mixed tourism trends.
December 2024 saw strong RevPAR growth across Asia Pacific, with Vietnam, Japan, Thailand, and India leading the region, signaling a positive trend for 2025.
Strong passenger demand, in-person events, and positive industry momentum are driving business travel growth, with global passenger demand up 9.1%, hotel occupancy nearing 70%, and steady travel demand expected through the next quarter.
China's summer resort tourism market reaches 1.2-1.5 trillion yuan as residents seek refuge from heat waves.
The Philippines Bureau of Immigration expects a 20% increase in tourist visa extensions with the launch of its electronic services platform.
SC Capital Partners acquires a portfolio of 27 resort hotels in Japan , focusing on revenue increase and refurbishment works.
China Hotel RevPAR: China Hotel RevPAR increased by 44% YoY for the week, but compared to the same week in 2019, it was down by -5.9%.
Macau Hotel Occupancy: Macau 's hotel occupancy rate in May rose by 44.6 percentage points YoY, reaching 78.9%. Three-star hotels had an 81% occupancy rate, while five-star hotels reached 79%.
Boutique Hotel Market in Australia: Australia 's boutique hotel market is experiencing growth due to a travel evolution sparked by the pandemic. Boutique properties outperformed international hotels in occupancy, ADR, and RevPAR, driven by domestic, leisure-based tourism.
China's hotel industry shows strong recovery with a significant increase in RevPAR, benefiting companies like STR and driving pent-up travel demand, particularly from Chinese tourists.
Major developments in the hospitality sector are underway in various locations, including Thane (Maharashtra) where Oberoi Realty plans to develop a luxury hotel managed by Marriott International or Hyatt, and Dhaka (Bangladesh) with multiple new five-star hotels expected to open in the coming years.
Hotel projects and expansions are also taking place in Nagoya (Japan), Tokyo's Shinjuku area, San Fernando (Pampanga, Philippines), and Nha Trang (Vietnam), indicating growth and investments in these respective regions.
Finn Partners released the results of their latest report, Outbound Rebound: The Return of Chinese Travelers .
Marriott International announced plans to expand its portfolio in Greater China with the expected addition of 47 hotels in 2023, comprising more than 12,000 rooms.
Accor announced the opening of Grand Mercure Hanoi, a new premium hotel in Vietnam .